Rio Tinto has appointed Bold Baatar to the role of Chief Commercial Officer, to lead the Group's commercial and business development activities globally. Bold will succeed Alf Barrios as Chief Commercial Officer, following his decision to retire from Rio Tinto. Bold, who is currently Chief Executive Copper, will take on accountability for business [...]
Rio Tinto will manage the Ranger Rehabilitation Project in Australia's Northern Territory on behalf of Energy Resources of Australia Ltd. , under a new Management Services Agreement signed today. The MSA will build on ERA's existing rehabilitation work with Rio Tinto's technical expertise in designing, scoping and executing closure projects [...]
Rio Tinto has published its 2023 Taxes and Royalties Paid Report, which details $8.5 billion of taxes and royalties paid globally during the year. This compares to $10.8 billion in 2022, which included around $1.5 billion of Australian corporate tax payments related to prior years. In Australia, which is home to almost half of the company's global [...]
Rio Tinto Exploration Canada Inc. is pleased to announce that it has acquired 108,204,112 common shares in the capital of Star Diamond Corp. in exchange for all of its interest in the Fort à la Corne joint venture . As a result, RTEC currently owns or controls, in the aggregate, 119,315,222 common shares representing a 19.9% interest in SDC. The [...]
Rio Tinto will contribute $10 million to the Shire of Ashburton to help fund the Minna Oval Development Project in Tom Price. The project includes the development of a clubhouse, undercover sports viewing areas, changerooms and toilets, a commercial kitchen and kiosk, and a new shaded playground. These facilities will be used by local sporting [...]
The Government of Canada awarded C$18.1 million from its Low Carbon Economy Fund to Rio Tinto's Iron Ore Company of Canada to support the decarbonization of iron ore processing at its operations in Labrador West. The funding will enable IOC to reduce the amount of heavy fuel oil that is consumed in the production of iron ore pellets and [...]
Rio Tinto announces that Simon McKeon will step down as a Non-Executive Director at the conclusion of the Rio Tinto Ltd. annual general meeting on 2 May 2024. Over the course of 2023, we announced the appointments of five new Non-Executive Directors as we continue to refresh the composition of the Board. As part of that phased transition, Simon [...]
Rio Tinto : At year end 2023 2022 Change Net cash generated from operating activities 15,160 16,134 % Purchases of property, plant and equipment and intangible assets 7,086 6,750 5% Free cash flow¹ 7,657 9,010 % Consolidated sales revenue 54,041 55,554 % Underlying EBITDA¹ 23,892 26,272 % Profit after tax attributable to owners of Rio Tinto [...]
Rio Tinto has signed Australia's largest renewable power purchase agreement to date to supply its Gladstone operations in Queensland, agreeing to buy the majority of electricity from Windlab's planned 1.4GW Bungaban wind energy project. The agreement, which follows the announcement last month of a PPA for the Upper Calliope solar farm in [...]
We have been informed by authorities that four team members from our Diavik diamond mine and two airline crew members have died in a plane crash near Fort Smith, Northwest Territories, Canada. Another member of our Diavik team survived the crash and received treatment in hospital. The charter flight was on its way to Diavik. Rio Tinto Chief [...]
We have been informed by authorities that a plane on its way to our Diavik mine, carrying a number of our people, crashed near Fort Smith, Northwest Territories, Canada, resulting in fatalities. Rio Tinto Chief Executive, Jakob Stausholm said "I would like to extend our deepest sympathy to the families, friends, and loved ones of those who have [...]
Rio Tinto will drive development of Australia's largest solar power project near Gladstone, after agreeing to buy all electricity from the 1.1GW1 Upper Calliope Solar Farm to provide renewable power to Rio Tinto's Gladstone operations. The agreement will bring more renewable power into one of Australia's most important industrial hubs and marks [...]
